Business cycles in OECD nations after World War II were by and large more controlled than the prior business cycles. This was especially evident during the Golden Age of Capitalism (1945/50-1970s), and the period 1945-2008 didn't encounter a worldwide slump until the Late-2000s recession.[18] Economic adjustment strategy utilizing financial approach and money related arrangement seemed to have hosed the most horrendously terrible overabundances of business cycles, and programmed adjustment because of the parts of the public authority's spending plan additionally moderated the cycle even without cognizant activity by strategy makers.[19]